Digital Financial News

(This story originally appeared in on Nov 07, 2023)

Denso Wave Inc. engineer who invented the two-dimensional barcode known as quick response, or QR, had never imagined that his system of labelling automotive parts would one day become a crucial pillar of monetary exchange.

Anuj Poddar, MD & CEO, Bajaj Electricals, says «Q3 is definitely looking better. It has started on a stronger note and the two factors that have impacted Q2 one is just a general weak environment for consumer demand that we saw particularly in September but also there was also a shifting of the festive season this year from Q2 to Q3, which is why the base effect kicked in. I do see a better start to Q3 and hopefully a better end to Q3 as well.» In your commentary after Q2 results, you have mentioned a weak consumer demand sentiment which might have impacted your consumer products and lighting solutions revenues in the quarter gone by. Has the demand recovered from those low levels or are you still seeing it impact in this quarter as well? Yes Q3 is definitely looking better. It has started on a stronger note and the two factors that have impacted Q2 one is just a general weak environment for consumer demand that we saw particularly in September but also there was also a shifting of the festive season this year from Q2 to Q3, which is why the base effect kicked in. I do see a better start to Q3 and hopefully a better end to Q3 as well.

Devang Mehta, Director-Equity Advisory, Spark Private Wealth, says: “Most of this high-end discretionary luxury demand for cars, real estate, as well as capex, is bound to come in and most of these industries will do very well. So on the sector front, auto, auto components, a lot of building material/home improvement/capital good type of businesses is what we recommend to our clients in building the portfolios.” Why don’t you start by giving us one of your top Diwali recommendations given the fact that there are cheers all around with Nifty hitting that 19,400 mark. I would not be able to recommend any single specific idea but yes, as a theme, we clearly like something in the auto and auto component universe. We know that it is a part of discretionary consumption and India Inc., has been seeing sales of passenger cars over the last complete festive weekends, may it be Navratri or the start of Diwali season.

By Katie Paul

China’s digital yuan has completed another historic CBDC first, with a Taiwan-based firm “successfully” issuing e-CNY bonds.

Digital collectible sales are skyrocketing after months of a downtrend. According to blockchain analytics firm Nansen AI, the non-fungible token (NFT) ecosystem has seen a remarkable increase in sales volume in the past five weeks.

The US Securities and Exchange Commission (SEC) has tried regulating the crypto space through enforcement actions in the last three years.

Yuga Labs has announced a collaboration with Magic Eden to introduce the Magic Eden Ethereum Marketplace, scheduled for release before the end of the year.

OpenAI will enable ChatGPT users to build customised bots to handle specific tasks, and has slashed costs on more powerful models for developers, the artificial intelligence company said at its first developer conference on Monday. CEO Sam Altman shared the updates at the San Francisco event, which attracted 900 developers from around the world. This is OpenAI's latest attempt to capitalise on the popularity of ChatGPT by offering developers incentives to build in its ecosystem. ChatGPT, launched in November 2022, now has 100 million weekly active users, Altman said.

BTC Digital, a Chinese Bitcoin mining firm with operations in the US, has announced the purchase of 220 Bitmain Antminer S19j Pro Bitcoin mining machines, bolstering its Bitcoin mining capabilities.

NEW DELHI : Deepfakes, or content generated by artificial intelligence (AI) that morphs a real image or video into a realistic yet misleading form, are a “dangerous and damaging form of misinformation, and need to be dealt with by platforms," said union minister of state for information technology Rajeev Chandrasekhar. The minister’s post, on social media platform X (formerly Twitter), came on the back of a deepfake video of actor Rashmika Mandanna that went viral on the platform.

The Washington Post has named veteran media executive Will Lewis to serve as its new CEO and publisher

Google on Monday will try to protect a lucrative piece of its internet empire at the same time it’s still entangled in the biggest U.S. antitrust trial in a quarter century

Building a robot that’s both human-like and useful is a decades-old engineering dream inspired by popular science fiction

Crypto, the buzzword in the world of finance. There are currently around 31 million users of these digital assets in Europe, according to estimations from cryptocurrency payment gateway TripleA.

Are Europeans ready to introduce a digital version of the euro? After coins and banknotes, the European Commission is now proposing the digital euro, a virtual version of the currency issued by the European Central Bank that could be used free of charge alongside cash in the eurozone. 

SundayGrids to revolutionize the solar industry. Mathew Samuel, one of the co-founders, captures the essence of their mission: "More than a luxury choice that only those with independent houses and sprawling roofs can make, solar energy should be accessible for everyone, regardless of where we are and the kind of places we live in. With digital solar, that is the leap we hope to make." SundayGrids is on a mission to democratize solar energy with ‘Digital Solar’.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

DZ Bank, one of Germany’s leading financial institutions with assets totaling 300 billion euros, has launched its own blockchain-powered custody platform.

Bud Light has entered the ring with a strategic move to revive its brand, as it becomes the official sponsor of the mixed martial arts league UFC. An exciting development is underway as the Anheuser-Busch brand Bud Light embarks on a multiyear sponsorship journey with the UFC, set to commence on January 1, 2024.